Australia & New Zealand

While many overseas buyers are heading to Australia’s more popular state capitals – Perth, Sydney and Melbourne – it is a ‘crocodile infested backwater’ that is proving to be the nation’s most resilient property market.

New Zealand's household incomes have increased by a third in the last four years, while average house prices have risen nationally by only 1.3 per cent in the same period, making recent real estate market buoyancy unsurprising, says Finance Minister Bill English.

Now is the time to invest in Australian property, according to a recent survey of prospective buyers.

LOSSES on a planned property development with coal investor Nathan Tinkler form part of a series of write-offs taken by former Impulse Airlines boss Gerry McGowan's latest venture, CBD Energy, which has pushed it to a revised $40.4 million loss for the year to June.

SYDNEY, Oct 30 (Reuters - Sydney's Opera House and Bondi Beach are amongst some of the iconic landmarks featuring in Australia's first official Sydney Monopoly board game, but Sydney Harbour scooped the title of most exclusive property.

THE property market is showing some signs of moving up the gears as the key spring selling period gathers pace with home loan approvals registering their biggest rise in almost a year.

Domestic investors are still wary of Australian-listed property. Despite the sector gaining more than 20 per cent over the past year, making it the best-performing sector of the Australian sharemarket, domestic investors are not buying into the recovery. Many are still haunted by memories of the sector's spectacular blow-up during the depths of the global financial crisis.